Heritage Insurance (HRTG) reported Q4 earnings late Tuesday of $0.66 per diluted share, down from $1.15 a year earlier.
Two analysts polled by FactSet expected $0.52.
Revenue for the quarter ended Dec. 31 was $210.3 million, up from $187.0 million a year earlier.
Two analysts surveyed by FactSet expected $199.9 million.
The company said its board has decided to continue to suspend the quarterly shareholder dividend to focus on growth and robust return on equity, but will still assess the dividend distribution and stock buybacks on a quarterly basis.
Shares of the company rose 7.3% in recent after-hours activity.
Price: 12.75, Change: +0.87, Percent Change: +7.32
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